This bill, known as the "Strengthen Social Security by Taxing Dynastic Wealth Act," proposes significant changes to federal estate and gift taxes and the Social Security Trust Funds. Its primary goal is to increase revenue for Social Security by adjusting wealth transfer taxes. Specifically, it amends the Internal Revenue Code to return estate and gift tax levels to those in effect in 2009 , which means lower exclusion amounts and higher tax rates. For estate tax, the bill reduces the basic exclusion amount to $3,500,000 and increases the top estate tax rate to 45 percent for amounts exceeding $1,500,000. Similarly, for gift tax purposes, the basic exclusion amount is limited to $1,000,000 . These changes are set to apply to estates of decedents dying and gifts made after December 31, 2026, aiming to capture more wealth transfers for taxation. A pivotal provision of this legislation is the restructuring of the Social Security Trust Funds. It mandates the creation of a single "Social Security Trust Fund" by merging the existing Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund. Crucially, it directs that 100 percent of all estate and gift tax revenues be appropriated to this new combined Social Security Trust Fund, rather than the general fund of the Treasury. This redirection of funds and the consolidation of the trust funds are scheduled to take effect on January 1, 2027. The bill includes extensive conforming amendments across the Social Security Act and other federal statutes to reflect the new single trust fund structure and the dedicated revenue stream. These amendments ensure that all references to the separate OASI and DI Trust Funds are updated to refer to the unified Social Security Trust Fund, streamlining its administration and funding.